Oil Prices Dip To Lowest Level In Months

DETROIT (WWJ) – Another down day on the oil markets – and that may mean further relief at the gas pump. Tom Kloza is with the Oil Price Information Service says oil has now reached it lowest price in some time.

“It’s all part of one market, we’re seeing the S&P drop, we’re seeing the strong dollar, so commodities are being sold off,” said Kloza.

The price of oil is off roughly $2-a-barrel Monday afternoon … down to just over $77 dollars.